NOTES TO THE FINANCIAL STATEMENTS - 31 DECEMBER 2023 18. Unitholders’ capital 2023 2022 No. of units RM No. of units RM Issued and fully paid-up: At 1 January 756,485,757 756,408,942 735,985,088 731,398,126 Issue of new units 83,112,000 98,349,283 20,500,669 25,010,816 At 31 December 839,597,757 854,758,225 756,485,757 756,408,942 During the year, the Fund increased its issued and fully paid-up unitholders’ capital from RM756,408,942 to RM854,758,225 by way of the issuance of 83,122,000 units of unitholders’ capital at an issue price of RM1.20 per unit to redeem its Islamic financing facility, Revolving Credit-i of RM100,000,000. Details of units held by the Manager’s directors and unitholders, and related parties which comprise companies related to Johor Corporation and KPJ Healthcare Berhad, substantial unitholders of the Fund, and their market value as of 31 December 2023 and 31 December 2022 respectively based on the Record of Depositors are as follows: 2023 2022 No. of units RM No. of units RM Related parties: Pusat Pakar Tawakal Sdn Bhd 54,648,534 67,764,182 54,648,534 66,671,211 Bandar Baru Klang Specialist Hospital Sdn Bhd 36,115,266 44,782,930 36,115,266 44,060,625 Selangor Medical Centre Sdn Bhd 35,000,000 43,400,000 35,000,000 42,700,000 KPJ Healthcare Berhad 28,259,289 35,041,518 20,500,669 25,010,816 Seremban Specialist Hospital Sdn Bhd 23,731,000 29,426,440 23,731,000 28,951,820 Ampang Puteri Specialist Hospital Sdn Bhd 21,013,739 26,057,036 21,013,739 25,636,762 Medical Associates Sdn Bhd 19,055,000 23,628,200 19,055,000 23,247,100 Waqaf An-Nur Corporation Berhad 18,251,870 22,632,319 18,251,870 22,267,281 Sentosa Medical Centre Sdn Bhd 15,653,000 19,409,720 15,653,000 19,096,660 Kedah Medical Centre Sdn Bhd 15,000,000 18,600,000 15,000,000 18,300,000 Johor Specialist Hospital Sdn Bhd 12,203,000 15,131,720 12,203,000 14,887,660 Puteri Specialist Hospital Sdn Bhd 12,000,000 14,880,000 12,000,000 14,640,000 Perdana Specialist Hospital Sdn Bhd 11,789,000 14,618,360 11,789,000 14,382,580 Kuantan Specialist Hospital Sdn Bhd 5,000,000 6,200,000 5,000,000 6,100,000 Kajang Specialist Hospital Sdn Bhd 4,487,000 5,563,880 4,487,000 5,474,140 Jeta Gardens (Qld) Pty Ltd 3,786,924 4,695,786 3,786,924 4,620,047 Kota Kinabalu Specialist Hospital Sdn Bhd 3,500,000 4,340,000 3,500,000 4,270,000 Taiping Medical Centre Sdn Bhd 3,334,000 4,134,160 3,334,000 4,067,480 Johor Ventures Sdn Bhd 173,219 214,792 173,219 211,327 19. Management Expense Ratio (“MER”) Fund 2023 2022 % % MER 0.58 0.29 AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023 216 FINANCIAL STATEMENTS 1 2 3 4 5
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